- was sidelined as marginal utilty and opportunity cost became integrated into
mainstream economics, and as capital theory, business cycles, entrepreneurship and the dymanic
market process proved too complex for the new economist mathematicans. Its subsequent slow
recovery coincided with growing disaffection with Keynesian demand management. After Friedrich Hayek
received the Nobel prize in 1974, his opposition to Keynes’s economics increasingly recieved the attention it deserves ....
but Austrian Economics remains a minority interest.